An HVAC system that provides sufficient air movement is your best bet, especially with a dehumidifier built in.

Of course learning through experience is the best bet for anyone but none of it would make sense to me if I haven’t even scratched the surface.

You are probably very limited as to what you can do in an industrial park.

Keep in mind that you will have to bridge a limited relationship with the park manager and let them know that you are a family friend helping the seller to sell the property.

Has anyone heard of such a limitation on selling a house post BK. 

You can change states too, but with some limitations.

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

One thing that I faced when buying a property in Mammoth is that the selection is very very very limited and people like to list properties for high prices, with the understanding that they probably won't get that price.

When this changes hands it will be reassessed and you can bet it will be much closer to market price, around $150k or more based on zillow picture you posted.

Holding costs can include (but not limited to) mortgage payments, insurance, taxes, utilities, HOA fees, etc., that occurs during the Rehab period and up until the property is fully rented.